Example of Support, Resistance and RetestThe chart is self-explanatory. The main benefit of entering into a trade at the time of retesting the resistance area is that our stop loss becomes small at that point. And risk-reward ratio appears good there.
Hope the interpretations will help some of you in your trading approach. As me-too learning from others.
Wish you success.
Retest
NTPC long we can go long in NTPC due to following reasons --
Came out of pattern in weekly and daily timeframe .
retest done at both weekly and daily timeframe .
In daiy timeframe about to give breakout of a trendline .
we can go long at that point
Also at daily timeframe took a support at 100EMA .
All the ideas are just for learning purpose. I'm not any call provider or a sebi registred person .
SRTRANSFIN LOOKING GOOD FOR UPSIDE MOVESRTRANSFIN looking good as stock shown good rally and now taking support at all previous all time high
looks good if breaks above trendline
(Stocks showing same structure as Ingresoll rand -- see that idea too for reference )
TIRUMALCHM - BREAKOUT & RETEST SETUPTirumalchm recently gave a strong breakout in weekly tf of all time high resistance.
And now sustaining near support level , expecting it to give a pull back and can reverse.
Risk Reward ratio is very great.
All the important levels are mentioned in the chart itself.
Is trend reversing in Godrej Consumer?Is trend reversing in Godrej Consumer?
Reasons/Traits :
• Price is exactly at a point for breakdown of the trend (4th time trying to breakdown)
• 0.236 level will it break or take support to go up?
• Price about to touch 50 EMA
• Bullish since May
• RSI strength is reducing and is below 50
• Price is lower than previous higher highs
• Perfectly trying to reverse the wave trend
What can happen next :
Scenario 1 : Price sustaining 0.236 level can go up to 1140 and up taking 50 EMA support
Scenario 2 : Price break down of trend or 0.236 levels go to 0.382/0.5/0.618 levels to meet 200 EMA
Disclaimer : This analysis is only for educational purpose and not be considered as any trading idea/tip. Please consult your financial advisor before you take any trade and we are no way responsible for your profits/losses. Thank you!
TIRUMALCHM - Retest Structure - Multi year breakout - SwingThe analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
DOLAT - Retest Structure - Morning Star - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
NESTLE - Retest Structure - Investment/Trading opportunityThe analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
LALPATHLAB - Breakout (Retest & Reversal) Least Risk Swing TradeThe analysis is done on daily TF hence price may take few days to few weeks or even months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.
BATAINDIA - Retest Structure - Swing TradeThe analysis is done on weekly TF hence price may take few weeks to few months in order to reach the targets.
Trade setup is explained in image itself.
The above analysis is purely for educational purpose. Traders must do their own study & follow risk management before entering into any trade
Checkout my other ideas to understand how one can earn from stock markets with simple trade setups. Feel Free to comment below this or connect with me for any query or suggestion regarding this stock or Price Action Analysis.